By Jaspreet Singh (Reuters) -Oracle shares pared most of their gains on Friday after spiking nearly 8%, with some analysts expressing reservations about the company’s
Category: Business
Vale sees 10% of its iron ore production coming from tailings by 2030
By Marta Nogueira BELO HORIZONTE, Brazil (Reuters) – Brazilian miner Vale expects that by 2030 some 10% of its iron ore output will come from
Carmakers adjust electrification plans as EV demand slows
(Reuters) – Several global automakers are scaling down their electrification targets, hurt by slowing demand for fully electric vehicles due to lack of affordable models,
US crypto stocks fall on rising bets of Harris win after presidential debate
(Reuters) – U.S. cryptocurrency stocks fell in premarket trading on Wednesday after Democratic candidate Kamala Harris put her Republican rival Donald Trump on the defensive
Shortsellers bet against airlines and banks, Hazeltree report says
By Nell Mackenzie and Joanna Plucinska LONDON (Reuters) – Shortsellers had their sights on airlines in August, as pessimism towards a sector plagued by earnings
Adobe to launch generative AI video creation tool later this year
By Deborah Mary Sophia (Reuters) – Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year,
Rubrik shares fall as Microsoft-backed firm nears IPO lockup expiry
(Reuters) – Shares of Rubrik fell more than 6% on Tuesday, as the markets braced for the expiry of a lockup period tied to its
Ally Financial flags ‘intensifying’ credit challenges; shares slump
(Reuters) – Ally Financial’s credit challenges have intensified over the quarter as borrowers struggled with high inflation and costs of living, the consumer lender’s chief
Campbell Soup dropping ‘soup’ in name to become ‘The Campbell’s Company’
By Jessica DiNapoli and Anuja Bharat Mistry (Reuters) – Campbell Soup is dropping “soup” from its name to become “The Campbell’s Company,” CEO Mark Clouse
Hedge funds flock to Japan as market heats up
By Summer Zhen HONG KONG (Reuters) – Japan has emerged as a standout in Asia’s subdued $400 billion hedge fund sector, drawing fund launches while